Bifacial photovoltaic module has gained significant traction in recent years due to its higher irradiation capture capabilities with cost-effective technology. This paper presents the design, simulation, and techno-economic evaluation of a 45MW fixed-tilt ground-mounted grid-connected photovoltaic system with bifacial photovoltaic modules. The site is located in Sungai Petani, Kedah, Malaysia. The PVsyst 7.2 software was used to design the system by selecting the rating of PV module, inverter and tilt angle of PV modules. In addition, shading and loss calculation, as well as performance evaluation, were also conducted using the software. The simulation of the optimal geometrical parameters had shown an optimal tilt angle of 5°, the pitch of 5.5m and PV array installation height of 1.5m with an albedo value of 0.25. Besides, the performance of system with bifacial and monofacial modules were compared in terms of techno-economic performance indicators. The results showed that the bifacial PV system produces higher energy output with a lower levelized cost of electricity when compared to the system with monofacial PV modules.